Silver Ferm Farms

[Armillary Private Capital]

Silver Fern Farms has reported a net operating loss before tax for the 12 months ended 30
September 2010 of $800,000 (2009 profit $5.4m) from total revenue of $1,810m (2009

$2,014m).

http://www.unlisted.co.nz/uPublic/un...cement_id=1799

[Armillary Private Capital]

Declaration of a Taxable Bonus Issue
The directors declared a taxable bonus issue of 1 new ordinary share for every 5 new ordinary shares held at the record date of Tuesday 7 December 2010. The bonus issue will apply to all fully paid and partly paid “Ordinary Shares” (as defined in the Company’s constitution) and the bonus share issue price will be $1.00 per share.

The bonus shares will be issued fully paid from the Company’s retained earnings on 8 December 2010. Bonus shares will not be eligible to be voted in this year’s director election or at the Company’s annual meeting to be held on 27 January 2011, but will carry such voting rights thereafter.

The bonus issue will be fully credited with imputation credits, at the rate of 30%, and will also have resident withholding tax credits attached which will be paid by the Company.

http://www.unlisted.co.nz/uPublic/un...cement_id=1802